Energy Industry News

Another oil price cut seen next week

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Department Of Energy News

Another rollback of pump prices may be implemented next week, according to Department of Energy (DOE) – Oil Industry Management Bureau assistant director Rodela Romero.

Romero said prices may decrease by P0.20 to P0.45 per liter for gasoline, P0.50 to P0.70 for diesel and P0.60 to P0.70 for kerosene.MANILA, Philippines — Another rollback of pump prices may be implemented next week, according to Department of Energy – Oil Industry Management Bureau assistant director Rodela Romero.

Last Monday, oil companies implemented a rollback on pump prices by P0.25 per liter for gasoline, P0.45 for diesel and P0.90 for kerosene. For some members of the House of Representatives, the P1.7 trillion in investments infused by local and foreign traders in...

 

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